Bengaluru-based Smallcase is bringing thematic investing to the masses.
Barely a couple of months away from the Lok Sabha elections, the government is in a fix on whether to first launch a draft for consultation or release the e-commerce policy.
Oyo last raised $800 million in a financing round led by SoftBank Investment Advisers (SBIA) with participation from Lightspeed Venture Partners, Sequoia and Greenoaks Capital in September.
The food delivery startup will launch a pilot program in Gurugram soon and has partnered with 3,500 stores to provide the service.
In grocery delivery, Swiggy will have to fight it out with likes of Amazon, and Walmart backed Flipkart.
Swiggy has now delved into the hyper-local delivery space, which is becoming one of the most attractive avenues of Indian retail market
To begin with, Swiggy will be delivering from across over 3,500 stores in Gurugram
Customers also said that even the delivery timing and availability of the products suffered post the implementation of the new FDI rules.
According to a report by LocalCircles and the Indian Private Equity & Venture Capital Association (IVCA), over 73 percent of startups, which raised capital between Rs 50 lakh to Rs 2 crore in India, have received angel tax notices from the I-T Department till date
Foreign companies have been able to take advantage of the ‘design flaws’ in the new policy, which they felt was going to hinder their successful established practices.
Angel tax has been the biggest bone of contention for startups as they are subject to it whenever they raise money from friends, family, and venture capitalists.
There was no clarity if the government will push for an open consultation by the industry stakeholders on the draft before coming out with the final policy.
Besides reduced commissions, these sellers could also enjoy better positioning of their products on the app or the website — a factor that heavily influences the business a seller will generate.
While the government had set up a deadline of 45 days to CBDT to approve or reject a startup's request for tax exemption, only startups certified and recognised by the DIPP were eligible for all exemptions.
Angel tax is on the difference of fair market value and face value, but methods of determining fair market value is flawed.
Angel tax has been the biggest bone of contention for startups as they are subject to it whenever they raise money from friends, family, and venture capitalists
OYO expects revenue of more than 14 billion rupees for the current financial year ending March, it said in a statement.
The decision was taken after a round-table that DPIIT and CBDT had with key angel investors and startups on February 4. It was chaired by Abhishek.
The development comes less than a month after Flipkart founder Sachin Bansal invested $21 million in the company.
Founded in 2014, Kint.io applies deep learning and computer vision to object recognition in video
The customers can, however, get the money refunded for the products purchased depending on the their case
Startup India initiative aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive to growth of budding entrepreneurs.
The budget announcements come a day after the government refused to extend the deadline for the implementation of the revised foreign direct investment in e-commerce guidelines.
The government’s vision to make 1 lakh villages into digital villages is ambitious and will usher in the much needed digital revolution under the Digital India initiative, and will help in the last mile connectivity.
The startup ecosystem saw over $10.5 billion of venture capital investment in 2018 in India